RMDC IPO from today, shares to carry Rs 80 premium

Thu, Jul 11, 2013 12:00 AM on IPO/FPO News,

ShareSansar, July 3

Rural Microfinance Development Centre has announced to launch its IPO from Asar 27. The shares in the IPO will carry a premium of Rs 80 per unit so that the general public will have to buy the shares at Rs 180.

RMDC is issuing total 15,60,000 shares, out of which 31,200 units have been set aside for RMDC employees. Likewise, the company has set aside 78,000 general shares for mutual funds, with 26,000 units each allotted to Siddartha Growth Scheme-1, Nabil Balance Fund-1 and Citizen Investment Trust Scheme.

General public will be able to apply for the remaining 14,50,800 unit shares.

The company has hired Ace Capital as its issue manager. The maximum time fixed for filing applications for the IPO has been set for Shrawan 10 whereas minimum time is on 31st of Ashad 2070.

Who can apply for RMDC share?

Brief Financial Highlights of RMDC.

                                                                                                                                                  (Rs. in '000)

Particulars 

As of 2068/69

2nd Quarter 2069/70

Projection 2069/70

Share Capital (Rs.)

320000

334000

520000

Reserve (Rs.)

699789

819277

1076976

Borrowings (Rs.)

2555162

2758371

2588170

Investments (Rs.)

1402865

1992365

1851782

Loan and Advances (Rs.)

1829257

1730105

2012183

Net Interest Income (Rs.)

259187

125070

244377

Operating Profit (Rs.)

200660

119084

218443

Net Profit (Rs.)

136520

78410

146964

No of Share (Nos)

3200

3340

5200

EPS (Rs.)

42.66

23.48

28.26

Capital Adequacy (%)

49.4

Networth Per share (Rs.)

318.68

255.29

307.11

Return On Equity (%)

13.39

6.8

9.2

Offer Letter Copy: CLICK HERE